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re: How many peoples way of life has significantly changed...
Posted on 11/4/20 at 6:40 pm to BabyTac
Posted on 11/4/20 at 6:40 pm to BabyTac
Are you shitting me? I’d say EVERYONE’S way of life has significantly changed this year because of who the President was. No, the President himself didn’t change it. But the all out effort and fervor to grossly over exaggerate this “pandemic” is a DIRECT result of political opponents trying to hurt the President in an election year.
Politicians shut down the country any changed Americans’ way of life to save us from a virus with a 99% survival rate. We’ve had “pandemics” before. Several in fact. We’ve never taken such grossly illogical and stupid steps before. And it was ALL because of who the President was in an election year
Politicians shut down the country any changed Americans’ way of life to save us from a virus with a 99% survival rate. We’ve had “pandemics” before. Several in fact. We’ve never taken such grossly illogical and stupid steps before. And it was ALL because of who the President was in an election year
1
Posted on 11/4/20 at 6:41 pm to Paul Allen
quote:
Seems a bit extreme for you to say something like this.
Well if this isn’t the pot calling the kettle black.
Posted on 11/4/20 at 6:45 pm to BabyTac
quote:
Regardless of who the president was? Mine never really has. Just curious.
People who say this are the worst. Does anything change overnight? Of course not. Does it slowly and steadily move the country in one direction or the other? Yes. A slow shift towards socialized healthcare. A slow shift toward killing the oil industry. Rising taxes and costs of goods and services. Do those things matter? Maybe they don’t to you, but they do to many of us.
Posted on 11/4/20 at 6:45 pm to BabyTac
Obama raised my taxes
Trump raised my taxes
Biden will probably raise my taxes
That’s about the only way it affects me
Trump raised my taxes
Biden will probably raise my taxes
That’s about the only way it affects me
Posted on 11/4/20 at 6:47 pm to Alt26
quote:please explain
We’ve never taken such grossly illogical and stupid steps before
Posted on 11/4/20 at 6:52 pm to BabyTac
With the implementation of Obamacare, my parent's insurance went from just over $400 a month to just over $1300. That was with the same policies. It played a huge roll in the company my Pops worked for deciding to do away with retiree insurance plans.
My insurance steadily increased.
My insurance steadily increased.
Posted on 11/4/20 at 6:54 pm to jimbeam
Office closures
School closure
Canceling large gatherings en masse
Mask mandates
Bar/restaurant closures/restrictions.
Etc, etc
There is virtually no aspect of American life that hasn’t been altered in 2020
School closure
Canceling large gatherings en masse
Mask mandates
Bar/restaurant closures/restrictions.
Etc, etc
There is virtually no aspect of American life that hasn’t been altered in 2020
Posted on 11/4/20 at 7:17 pm to Alt26
What do you anticipate any other presidents country would have looked like? Also, those were done at state levels. Try again?
Posted on 11/4/20 at 7:19 pm to Alt26
quote:
Office closures
School closure
Canceling large gatherings en masse
Mask mandates
Bar/restaurant closures/restrictions.
Etc, etc
My governor did that
Posted on 11/4/20 at 7:24 pm to BabyTac
quote:
Regardless of who the president was? Mine never really has. Just curious.
I was able to notice a bump in my paychecks under the current administration.
Posted on 11/4/20 at 7:26 pm to yellowfin
Started my adult life after college when W was president. Life was good. Bounced around and found myself working for a government contractor where the biggest customer was the military. Then Obama got elected. Company had maybe 150-200 employees. By 2012, myself and 35-40 others were laid off as contracts dried up and were not renewed. A year later they shut the doors. Switched jobs, then my health insurance went way up. Trump is elected, tax reform happens, regulations decrease, and the company I work for was doing great. Then the damn faux pandemic started and wrecked the economy.
So yeah, I would say who occupies the Oval Office has greatly affected my day to day life.
So yeah, I would say who occupies the Oval Office has greatly affected my day to day life.
Posted on 11/4/20 at 7:27 pm to bad93ex
Biden's tax plan:
1. His plans call for eliminating the 1031 exchange that let you sell a property and invest in another without paying taxes on the proceeds.
2. eliminate flow through losses that would let you take a loss on a property for something like damages or lack of rent from Covid and apply it to offset your W2 wages
3. eliminates step up basis - this one really sticks it to everyone, because now when mom and dad pass away and you inherit the house, instead of the basis getting stepped up so you don't have to sell it to pay the taxes, you will owe taxes on the difference in what they paid and it's current value, meaning many people will have to sell to pay the taxes.
4. reduce the write off for 401k contributions
5. ban 90% of non-compete clauses that keep employees from getting hired, learning proprietary trade secrets, and then opening up a competing business targeting the small businesses customers.
6. wants to treat 1099 sub-contractors as employees like California does, which will cost many small businesses a lot more in taxes
7. Elimination of the QBI deduction
8. He also want to reduce the estate tax (45% death tax) limit down to $5MM instead of $11.5MM, which will catch family farms that own property and many small businesses forcing them to sell to be able to pay the taxes. $5MM seems like a lot, but a small business doing $1MM in revenue/year could easily be valued at 5X that even before property or other assets are counted, and the family could be forced to sell, especially when combined with the step up basis change mentioned previously that would dramatically raise taxes on inheriting the family home.
1. His plans call for eliminating the 1031 exchange that let you sell a property and invest in another without paying taxes on the proceeds.
2. eliminate flow through losses that would let you take a loss on a property for something like damages or lack of rent from Covid and apply it to offset your W2 wages
3. eliminates step up basis - this one really sticks it to everyone, because now when mom and dad pass away and you inherit the house, instead of the basis getting stepped up so you don't have to sell it to pay the taxes, you will owe taxes on the difference in what they paid and it's current value, meaning many people will have to sell to pay the taxes.
4. reduce the write off for 401k contributions
5. ban 90% of non-compete clauses that keep employees from getting hired, learning proprietary trade secrets, and then opening up a competing business targeting the small businesses customers.
6. wants to treat 1099 sub-contractors as employees like California does, which will cost many small businesses a lot more in taxes
7. Elimination of the QBI deduction
8. He also want to reduce the estate tax (45% death tax) limit down to $5MM instead of $11.5MM, which will catch family farms that own property and many small businesses forcing them to sell to be able to pay the taxes. $5MM seems like a lot, but a small business doing $1MM in revenue/year could easily be valued at 5X that even before property or other assets are counted, and the family could be forced to sell, especially when combined with the step up basis change mentioned previously that would dramatically raise taxes on inheriting the family home.
Posted on 11/4/20 at 7:28 pm to Donnie 9 inch
quote:
I had to lay off people that worked for my company for years during the Obama years. People with young kids. Taxes increased, regulations stifled my business and raised costs and healthcare costs skyrocketed. Only way to keep the doors open. In less than 4 years my business boomed like never before and we hired more people. Does that count as significant change? Business owners are not stupid. We all have a bottom line. You take more, we have to cut more. Simple.
This is put really well, and spot on. Reading the other comments you can really tell who’s retarded, and who’s not & who actually has a career, and who has a job. They aren’t one in the same.
Posted on 11/4/20 at 7:29 pm to ithad2bme
Dont try to use facts on them. Most go cross eyed. The media told them orange man bad.
Posted on 11/4/20 at 7:34 pm to SlidellCajun
quote:
Biden will add another layer of regulation to an already thin margin. Not good
The oil and gas business is in for a tough time
This. The Trump administration pushed through a number of pipeline projects that hit road blocks in regulatory filings with Obama. I imagine this is going to be even worse now. So yes, it is going to affect my life.
Posted on 11/4/20 at 7:35 pm to BabyTac
quote:
Regardless of who the president was? Mine never really has. Just curious.
Normally it doesn't.
However, Biden has come out against O&G which will drastically affect my career.
Posted on 11/4/20 at 7:36 pm to BabyTac
Has never stopped me from doing anything I wanted to do, or enabled me to do something I wouldn't have been able to do had they not been in office.
So in short, I can't say that presidents have affected me directly. But I am mildly concerned at times about the effect their decisions may have on others.
So in short, I can't say that presidents have affected me directly. But I am mildly concerned at times about the effect their decisions may have on others.
This post was edited on 11/4/20 at 7:37 pm
Posted on 11/4/20 at 7:38 pm to jimbeam
quote:
please explain
Stop being obtuse.
Posted on 11/4/20 at 7:38 pm to BabyTac
You are an idiot if you think your life instantaneously changes.
It doesn’t, but the direction of an administration has effects for years to come
It doesn’t, but the direction of an administration has effects for years to come
Posted on 11/4/20 at 7:41 pm to SlidellCajun
quote:
The oil and gas business is in for a tough time
the oil and gas has been in a tough spot since 2011 and then hit rock bottom in 2015 and has adapted to "it is what it is"....it's actually just getting by right now
It was starting to rebound a bit before the pandemic then to make matters worse the Russians and Saudi got into a spat and made things worse. It was a perfect storm....crude futures went to -$40 a bbl......that has NEVER happened..ever
Over supply, lack of demand......price fixing...etc...it just crushed the o&g business but it cant really get much worse. We will always need fossil fuels...IDC what the libs say
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